SPY has a large price gap around the 2875 level and I noticed that for it to fill that price gap without breaking a key trend line support, it needs to do it by 5/28 or filling the price gap becomes more risky for the market. I think this might be evidence to suggest that over the next 24 hours, we could visit 2875 only to bounce back into 3000+.
This is just my opinion and I think is a 50/50 probability. This market can do anything and I wouldn't be surprised if it skips the price gap and waits to fill it on the eventual drop to the March bottoms sometime later this year.
Potentially something to watch for to get on the short and long.
Target 1 (2875)
Target 2 (3100)
This is just my opinion and I think is a 50/50 probability. This market can do anything and I wouldn't be surprised if it skips the price gap and waits to fill it on the eventual drop to the March bottoms sometime later this year.
Potentially something to watch for to get on the short and long.
Target 1 (2875)
Target 2 (3100)